2020 performance coupe Mythos black
I think these mass produced cars have to come down significantly.
What has happened to car loan rates in the last few months and what does that make on the monthly payment for the average buyer? I know with mortgage rates some homes have seen a 30% increase in the monthly payment due to rising ratesMost t buyers really only care about the monthly payment so if rates go up then value goes down.
And isn't it true that there is going to be a flood of new cars coming to market now that chips are no longer in short supply?
Again, I really don't follow this all that closely but I recall in 2009 when I was buying a boat I flew to Miami and basically just offered everyone half price until someone bit and it worked. Obviously this is not that extreme but I feel like people often underestimate the price swings between good and bad markets.
I can see used range rovers dropping by 30% or more.
My new lead candidate is a 2016 a4 alltrack. Can get those around 30k and then if market drops like I predict (with low confidence in my prediction skills) then I can sell it for 25 and get a range rover autobiography that now lists for 130k for 100k or less.
A. Most new cars are still suffering chip issues and will until at least first half of 2023.
B. as of now rates are being handled by substantially longer terms.
C.Flood of cars??? Most dealers ave devoid of inventory and most OEM's have stated the days of lots full resulting in $ discounts at dealers is over, at least that is the current model.
Ford has now stated EV's can now be ordered online. Used prices are going nowhere fast until OEM supply chain issues get resolved, far worse for Japanese OEM's.
I follow it very closely and my son works for CDK Global throughout entire Northeast. Dealers continue to pay stupid prices at auction to have inventory priced at even more stupid levels. In last few months, I had a modest warranty issue[ bad injector], dealer took me out of lease for a brand new, higher sticker, SUV, which they would have sold in an hour, now resulting in TWO transactions for them. They made 500-600 on new SUV and $6000 on my 1 year old, 10,000 mile used one. My new , higher sticker SUV.....same term, same exact payment.
This multi car shop which usually has 120-140 new cars, had 15 on the lot, most of those starter, lower cost options.